My father-in-law passed away finishing month,how do I find out if he have any current time insurance policies?
Through the years he had many,but they be only active for a couple of years respectively.Still searching through boxes of papers trying to locate any current files...please advise...
deplorably you are doing what to do...check thru his records and when you find a lead follow it to the pause....if he had a financial adviser have a chat with that person as they may know more in the region of your father in law's finances pretty good
checkbook and wall statements can work for any yearly, quarterly, monthly premiums he might have be paying but it wouldn't tell you about single premium energy policies he might of had
also check with his work benefits as he may hold had life insurance through his retirement benefits if any
worst grip would be the insurance company should send out a yearly statement on the policy expediency and it either would show up around the beginning of the year or around the anniversary date when the policy be originally set up
good luck though
As others have stated:
1) Look through records for policy
2) Look through guard and credit card statements and check books for records of payment
Another chance:
3) MIB has a lost policy service that allows you to search and see if someone have applied for life insurance in former times 13 years. It won't specifically tell you the current policy but you can go through the schedule of companies he applied with most recently and phone them to see if they have a policy for him and list you or your spouse as the beneficiary. Most energy insurance companies are members of MIB and report their application activity.
http://www.mib.com/html/lost-life-insura… Source(s): My blog: http://gardenstatelifeinsurance.blogspot…
Call the agent for your car insurance and enlighten her that you will buy her an expensive lunch if she will check any "agent's database" for holders of life-insurance policies.
Then start writing letters to every major insurer contained by the USA. You can get the list at your state Department of Insurance. Very mechanical but the payoff is great if you connect..
The above poster makes a suitable point. But here is another, he should have told you. Also the insurance company has to bring in a good faith hard work to find the beneficiary. If you are not listed as the person getting the money he could hold 1000's of life insurance policies, but it doesnt mean you will bring back a dime.
Its very rare that somebody to be exact a beneficiary is shocked that somebody left them money. 99.999% know because they sign on the paperwork as well and maintain their address current with the insurance company. If you have not done this afterwards it would be the .001% of people that are shocked.
Normally its the beneficiary that calls the insurance company and let them know this person passed away. If you are not in this situation I outstandingly doubt you were the beneficiary of any policy.
The life insurance company will dispatch you a letter when the policy is taken out notifying you that you are a beneficiary. If you havent received any of these post I think looking through boxes is a waste of time.
Just dictum. Source(s): Had my life insurance license
That is the path: by looking through his personal records. There is no "central database" of duration insurance policies.
Start with his banking documentation. MOST people only hang on to a policy a few years. MOST people die without alive life insurance in place. If you stir through the past year of cancelled checks, and there weren't any to a time insurance company, most likely he had none.
Alternative, is to basically sit back and wait. Change his mail address to the executor of the estate's, and just wait for any a statement or a bill from an insurance company to show up.
If you're asking, is there a database where you can look it up, the answer is no. No state agency collects that information, or federal agency, any. It's protected by privacy laws. And the insurance company doesn't know he's passed, unless someone files a claim.
The surest fastest way to check, is by going through the cancelled checks. The surest slowest, is by waiting for that annual statement to come.
"> Look at his checkbook and see if he's be paying any premiums to any insurance company.
Related Questions:
deplorably you are doing what to do...check thru his records and when you find a lead follow it to the pause....if he had a financial adviser have a chat with that person as they may know more in the region of your father in law's finances pretty good
checkbook and wall statements can work for any yearly, quarterly, monthly premiums he might have be paying but it wouldn't tell you about single premium energy policies he might of had
also check with his work benefits as he may hold had life insurance through his retirement benefits if any
worst grip would be the insurance company should send out a yearly statement on the policy expediency and it either would show up around the beginning of the year or around the anniversary date when the policy be originally set up
good luck though
As others have stated:
1) Look through records for policy
2) Look through guard and credit card statements and check books for records of payment
Another chance:
3) MIB has a lost policy service that allows you to search and see if someone have applied for life insurance in former times 13 years. It won't specifically tell you the current policy but you can go through the schedule of companies he applied with most recently and phone them to see if they have a policy for him and list you or your spouse as the beneficiary. Most energy insurance companies are members of MIB and report their application activity.
http://www.mib.com/html/lost-life-insura… Source(s): My blog: http://gardenstatelifeinsurance.blogspot…
Call the agent for your car insurance and enlighten her that you will buy her an expensive lunch if she will check any "agent's database" for holders of life-insurance policies.
Then start writing letters to every major insurer contained by the USA. You can get the list at your state Department of Insurance. Very mechanical but the payoff is great if you connect..
The above poster makes a suitable point. But here is another, he should have told you. Also the insurance company has to bring in a good faith hard work to find the beneficiary. If you are not listed as the person getting the money he could hold 1000's of life insurance policies, but it doesnt mean you will bring back a dime.
Its very rare that somebody to be exact a beneficiary is shocked that somebody left them money. 99.999% know because they sign on the paperwork as well and maintain their address current with the insurance company. If you have not done this afterwards it would be the .001% of people that are shocked.
Normally its the beneficiary that calls the insurance company and let them know this person passed away. If you are not in this situation I outstandingly doubt you were the beneficiary of any policy.
The life insurance company will dispatch you a letter when the policy is taken out notifying you that you are a beneficiary. If you havent received any of these post I think looking through boxes is a waste of time.
Just dictum. Source(s): Had my life insurance license
That is the path: by looking through his personal records. There is no "central database" of duration insurance policies.
Start with his banking documentation. MOST people only hang on to a policy a few years. MOST people die without alive life insurance in place. If you stir through the past year of cancelled checks, and there weren't any to a time insurance company, most likely he had none.
Alternative, is to basically sit back and wait. Change his mail address to the executor of the estate's, and just wait for any a statement or a bill from an insurance company to show up.
If you're asking, is there a database where you can look it up, the answer is no. No state agency collects that information, or federal agency, any. It's protected by privacy laws. And the insurance company doesn't know he's passed, unless someone files a claim.
The surest fastest way to check, is by going through the cancelled checks. The surest slowest, is by waiting for that annual statement to come.
"> Look at his checkbook and see if he's be paying any premiums to any insurance company.
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